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Bank earnings may be on the up and up, but aging business models are still putting a drag on most financial institutions' performance.

Banks are going to keep cranking out loans at a brisk pace for the foreseeable future, according to the heads of three Chicago-area banks. That could spell trouble if the competition leads to reckless credit decisions.

Bank of Fincastle in Virginia has named Charles “Scott” Steele chief executive, after its longtime CEO retired.

Fifth Third Bancorp has promoted Teresa Tanner to chief administrative officer, the latest change in executive management at the Cincinnati company.

Some argue directors already are being compensated, albeit not in the form of actual salaries, other argue compensation of any sort dilutes the power of something long held to be a backbone of the movement: its volunteers.

Bryn Mawr Bank in Pennsylvania has hired Michael Harrington as its chief financial officer and treasurer. Harrington, who was also named CFO of Bryn Mawr Trust, was the CFO and treasurer at Susquehanna Bancshares, which was acquired earlier this year by BB&T.

Elizabeth Buse plans to step down as Monitise's CEO less than two years after assuming the top role at the slumping mobile technology company.

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

Community banks could be vulnerable to increased funding costs, particularly rates tied to retail deposits. Technology, and improved modeling, could help them hold onto more deposits.

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

PenFed Foundation selects a president and an executive director, and other appointments, promotions and new hires.

What does a small bank do when a much larger bank encroaches on its home turf?

Paul Waltz is the new CEO of electronic funds transfer network Shazam, replacing the retired Michael Hollinger.

Forget China — for U.S. banks, Canada carries more weight. Canada's energy-led recession looks harmless for now, but the tight connections between Canada and American banks make it potentially dangerous if it becomes prolonged.

Community 1st Bank in Auburn, Calif., has named Kevin Watson chief financial officer.

Wells Fargo has named Michael DeVito head of mortgage production, making him responsible for its retail and correspondent lending divisions.

Some institutions, such as Amalgamated Bank in New York, are voluntarily raising wages for tellers and other workers, while banks in cities such as Seattle and Los Angeles are being forced to pay more by municipal ordinances.

Veridian announces new head of compliance, Point Breeze names lots of new SVPs, and more hires, promotions.

NASHVILLE, Tenn. — Volunteer Corporate CU CEO Rick Veach will retire at year end, with current SVP and CFO Jeffrey Merry stepping up to the chief executive role effective Jan. 1.

The Federal Deposit Insurance Corp.'s second-quarter industry update showed steadily rising loan balances making up for persistently tight net interest margins.